The First Deputy Governor of the Bank of Ghana, Dr.Zakari Mumuni has emphasised that Africa’s digital asset economy must be built on “trust, inclusion, and sound institutions,” rather than speculation.
Speaking at the Standard Chartered Digital Assets Summit in Accra over the weekend,where he addressed industry leaders, regulators, innovators, and financial institutions,Dr. Mumuni stated that the Bank had strengthened collaboration among key regulators, created a dedicated Virtual Assets Department, and continued to leverage its Regulatory Sandbox to support responsible innovation.
“The question is no longer whether digital assets will shape African finance. They already are. The real question is whether we will shape that future deliberately,” Dr. Mumuni stated.
The First Deputy Governor further stressed that while digital innovation presents significant opportunities for cross-border payments, financial inclusion, and capital market development, it must complement, not replace, the Ghana cedi.
“Whatever we build, tokenise, or otherwise, we must not displace the cedi. A strong digital ecosystem should strengthen public money, not compete with it,” he said.
The First Deputy Governor further called for greater collaboration among regulators, financial institutions, and innovators across the continent to build a secure and interoperable digital financial ecosystem that supports Africa’s economic transformation.
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